Used Car Dealers SBA Loans

Looking for SBA loans for used car dealers? Try the SBA. This $332,300 used car dealers loan was issued by a Massachusetts bank.

Getting a small business loan in Marshfield, Massachusetts was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Canton, operating out of Canton, Massachusetts. Here are the details on this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
MARSHFIELD, MA 02050

SBA Loan Lender

THE BANK OF CANTON
490 TURNPIKE ST
CANTON, MA 02021

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

441120 - Used Car Dealers

Loan Approval Date

5/23/2005

Loan Approval Gross Amount

$332,300

Loan Approval from the SBA

Of the total $332,300 loan amount, the SBA guaranteed $166,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help create 1 new job.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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